Gorman-Rupp Company

Gorman-Rupp Company

GRC · NYSE · Industrials / Specialty Industrial Machinery

69.66USD-0.44 (-0.63%)

Price History

Full chart

Market Stats

Previous Close70.10
Open70.36
Day Range68.97 – 70.75
52-Week Range41.98 – 92.56
Volume69.70K
Market Cap1.96B
P/E (TTM)31.31
Forward P/E23.98
EPS2.37
Dividend Yield1.02%
Beta1.28
50-Day Avg78.07
200-Day Avg69.32

About

The Gorman-Rupp Company designs, manufactures, and sells pumps and pump systems in the United States and internationally. The company offers self-priming centrifugal, standard centrifugal, magnetic drive centrifugal, axial and mixed flow, vertical turbine line shaft, submersible, high-pressure booster, rotary gear, rotary vein, diaphragm, bellows, and oscillating pumps. Its products are used in water, wastewater, construction, dewatering, industrial, petroleum, chemical processing, original equipment, agriculture, fire suppression, heating, ventilating and air conditioning, military, and other liquid-handling applications. The company markets its products through a network of distributors, manufacturers' representatives, third-party distributor catalogs, direct sales, retailers, and e-commerce. The Gorman-Rupp Company was founded in 1933 and is headquartered in Mansfield, Ohio.

Company Details

  • SectorIndustrials
  • IndustrySpecialty Industrial Machinery
  • CEOMr. Scott A. King
  • Employees1.42K
  • Headquarters600 South Airport Road, Mansfield, OH, United States, 44903, USA
  • Websitehttps://www.gormanrupp.com

Leadership

  • Mr. Scott A. KingPresident, CEO & Director · b. 1975
  • Mr. James C. KerrExecutive VP & CFO · b. 1962
  • Ms. Brigette A. Burnell Esq., J.D.Executive VP, General Counsel & Corporate Secretary · b. 1976
  • Ms. Barbara A. WoodmanVice President of Human Resources
  • Ms. Angela M. MoreheadTreasurer & Assistant Secretary
  • Mr. Ronald F. StoopsVP of Finance · b. 1985

Financials

Income Statement

Currency: USD1986-12-311987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue65.30M74.40M82.80M114.30M119.70M123.40M126.00M131.50M137.50M149.50M155.20M164.90M171.20M179.30M190.14M202.93M194.07M195.83M203.55M231.25M270.91M305.56M330.65M266.24M296.81M359.49M375.69M391.67M434.93M406.15M382.07M379.39M414.33M398.18M348.97M378.32M521.03M659.51M659.67M682.39M
Growth (%)-+13.94%+11.29%+38.04%+4.72%+3.09%+2.11%+4.37%+4.56%+8.73%+3.81%+6.25%+3.82%+4.73%+6.05%+6.72%-4.36%+0.90%+3.95%+13.61%+17.15%+12.79%+8.21%-19.48%+11.48%+21.12%+4.51%+4.25%+11.05%-6.62%-5.93%-0.70%+9.21%-3.90%-12.36%+8.41%+37.72%+26.58%+0.02%+3.44%
Cost of Revenue45.80M51.70M57.80M82.90M87.40M89.70M91.00M94.50M97.20M107.80M110.40M117.90M121.20M126.40M134.85M154.82M152.62M153.83M161.13M184.18M212.23M238.11M253.56M204.47M220.47M271.65M285.54M298.01M327.37M313.57M290.05M280.64M304.41M295.50M259.41M282.42M390.09M463.26M467.72M485.61M
Gross Profit19.50M22.70M25.00M31.40M32.30M33.70M35.00M37.00M40.30M41.70M44.80M47.00M50.00M52.90M55.29M48.11M41.45M41.99M42.42M47.07M58.68M67.45M77.09M61.77M76.34M87.84M90.15M93.66M107.56M92.58M92.03M98.75M109.92M102.67M89.56M95.90M130.94M196.25M191.95M196.78M
Gross Margin29.86%30.51%30.19%27.47%26.98%27.31%27.78%28.14%29.31%27.89%28.87%28.50%29.21%29.50%29.08%23.71%21.36%21.44%20.84%20.36%21.66%22.07%23.31%23.20%25.72%24.43%24.00%23.91%24.73%22.79%24.09%26.03%26.53%25.79%25.66%25.35%25.13%29.76%29.10%28.84%
Operating Expense12.40M13.40M15.70M20.70M20.80M22.10M22.80M23.70M25.80M28.00M29.70M30.70M31.90M32.20M33.29M25.96M27.92M27.97M29.00M30.37M32.41M34.57M38.10M35.38M37.38M44.84M47.97M51.73M54.25M56.19M56.33M60.89M59.28M72.58M53.80M56.54M90.75M109.21M101.70M101.42M
Operating Income7.10M9.30M9.30M10.70M11.50M11.60M12.20M13.30M14.50M13.70M15.10M16.30M18.10M20.70M22.00M22.15M13.53M14.02M13.43M16.70M26.27M32.88M38.99M26.39M38.96M42.99M42.18M41.92M53.30M36.39M35.70M37.86M50.64M30.09M35.75M39.36M40.18M87.04M90.25M95.36M
Operating Margin10.87%12.50%11.23%9.36%9.61%9.40%9.68%10.11%10.55%9.16%9.73%9.88%10.57%11.54%11.57%10.91%6.97%7.16%6.60%7.22%9.70%10.76%11.79%9.91%13.13%11.96%11.23%10.70%12.26%8.96%9.34%9.98%12.22%7.56%10.25%10.40%7.71%13.20%13.68%13.97%
EBITDA9.20M11.60M11.90M14.40M15.20M15.50M16.20M17.60M19.00M18.90M20.80M22.30M24.40M27.10M28.86M29.60M20.57M21.29M19.68M23.08M32.95M40.48M46.84M36.38M49.56M54.45M54.25M55.51M67.92M51.67M53.03M57.01M65.12M57.59M43.94M49.16M54.27M113.96M110.22M120.27M
EBITDA Margin14.09%15.59%14.37%12.60%12.70%12.56%12.86%13.38%13.82%12.64%13.40%13.52%14.25%15.11%15.18%14.58%10.60%10.87%9.67%9.98%12.16%13.25%14.16%13.66%16.70%15.15%14.44%14.17%15.62%12.72%13.88%15.03%15.72%14.46%12.59%12.99%10.42%17.28%16.71%17.62%
Net Income4.40M5.90M6.60M6.80M7.30M7.70M-3.90M8.80M9.30M9.50M9.90M10.60M11.80M13.10M13.80M14.59M8.94M9.79M9.28M10.90M19.07M22.86M27.20M18.27M25.96M28.80M28.20M30.10M36.14M25.11M24.88M26.55M39.98M35.81M25.19M29.85M11.20M34.95M40.12M53.02M
Net Income Margin6.74%7.93%7.97%5.95%6.10%6.24%-3.10%6.69%6.76%6.35%6.38%6.43%6.89%7.31%7.26%7.19%4.60%5.00%4.56%4.71%7.04%7.48%8.23%6.86%8.75%8.01%7.51%7.69%8.31%6.18%6.51%7.00%9.65%8.99%7.22%7.89%2.15%5.30%6.08%7.77%
R&D-------------------------00000000-------
R&D as % of Total Revenue-------------------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense00000000000000000000000170.00K175.00K179.00K000020.00K0015.07M8.19M9.81M19.24M41.27M33.62M23.40M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.06%0.06%0.05%0.00%0.00%0.00%0.00%0.01%0.00%0.00%3.79%2.35%2.59%3.69%6.26%5.10%3.43%

Balance Sheet

Currency: USD1986-12-311987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets52.00M57.10M68.70M74.60M77.60M85.10M86.40M98.70M107.10M119.80M117.70M127.90M127.50M136.90M145.88M148.11M152.85M160.94M165.34M179.54M187.54M211.53M231.54M249.42M286.71M298.70M335.18M355.64M379.64M364.20M382.82M395.01M368.28M382.76M394.46M420.75M872.83M890.36M858.47M860.05M
Total Liabilities6.70M8.90M18.20M20.90M20.30M23.80M33.60M41.80M45.50M52.60M45.00M49.80M43.80M44.60M45.88M40.20M41.39M44.48M43.45M52.49M59.40M61.57M72.33M71.81M86.87M83.94M100.46M91.50M97.67M77.18M79.93M69.52M75.15M74.88M78.94M90.78M541.64M540.90M484.67M445.33M
Total Equity45.30M48.20M50.50M53.70M57.30M61.30M52.80M56.90M61.60M67.20M72.70M78.10M83.70M92.30M100.00M107.91M111.46M116.46M121.90M127.05M128.14M149.44M158.59M176.91M199.83M214.76M234.72M264.14M281.97M287.02M302.89M325.50M293.13M307.88M315.51M329.98M331.19M349.46M373.80M414.72M
Cash12.60M15.00M3.60M3.00M3.60M3.00M3.40M2.80M3.10M3.30M4.30M800.00K2.40M4.10M7.63M20.58M13.09M16.27M16.20M6.75M12.65M24.60M23.79M44.40M32.23M20.14M20.37M31.38M24.75M23.72M57.60M79.68M46.46M80.56M108.20M125.19M6.78M30.52M24.21M35.08M
Total Debt--5.20M6.70M5.40M6.20M700.00K5.30M8.20M12.20M3.80M6.70M800.00K3.10M4.01M-436.00K------15.00M25.00M10.00M22.00M9.00M12.00M----1.81M1.67M1.52M439.01M425.28M387.07M327.53M
Net Debt-12.60M-15.00M1.60M3.70M1.80M3.20M-2.70M2.50M5.10M8.90M-500.00K5.90M-1.60M-1.00M-3.62M-20.58M-12.65M-16.27M-16.20M-6.75M-12.65M-24.60M-23.79M-29.40M-7.23M-10.14M1.63M-22.12M-12.49M-23.72M-57.60M-79.68M-46.46M-78.75M-106.53M-123.67M432.22M394.77M362.85M292.45M

Cash Flow

Currency: USD1989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow6.10M10.60M10.90M12.50M9.80M9.10M6.00M17.90M11.90M21.90M17.50M16.33M26.29M21.38M14.01M14.50M3.04M18.74M34.84M29.40M49.63M28.62M21.13M32.63M50.39M29.00M40.68M53.43M43.27M41.21M62.17M51.16M45.44M13.69M98.22M69.83M106.23M
Investing Cash Flow-4.70M-5.00M-8.20M-2.50M-10.30M-8.60M-5.80M-4.00M-13.20M-8.90M-13.10M-7.91M-3.14M-22.88M-4.87M-9.02M-6.61M-6.67M-17.37M-21.89M-38.06M-42.66M-10.22M-36.39M-18.11M-29.26M-11.18M-8.47M-10.41M-7.47M-10.85M-7.70M-9.17M-545.67M-20.16M-11.87M-15.34M
Financing Cash Flow-2.00M-5.00M-3.30M-9.60M-100.00K-300.00K-100.00K-12.80M-2.10M-11.50M-2.70M-4.90M-10.20M-6.00M-5.95M-5.91M-5.98M-6.13M-6.50M-6.68M8.23M1.73M-22.43M3.81M-21.66M-6.71M-29.09M-11.22M-12.27M-65.55M-17.36M-16.14M-18.55M414.11M-54.53M-63.14M-80.86M
Capital Expenditure4.80M5.00M8.20M4.50M10.30M8.60M8.20M4.00M6.30M9.30M16.20M11.44M3.14M5.76M3.70M7.50M3.19M7.26M12.83M27.91M38.07M8.31M11.18M16.37M21.02M13.28M8.26M6.88M7.75M10.95M10.91M8.00M9.75M17.99M20.84M14.32M17.38M
Free Cash Flow1.30M5.60M2.70M8.00M-500.00K500.00K-2.20M13.90M5.60M12.60M1.30M4.89M23.15M15.61M10.31M7.00M-146.00K11.49M22.01M1.49M11.56M28.62M9.96M16.26M29.37M15.73M32.42M46.56M35.51M30.26M51.26M43.16M35.69M-4.30M77.39M55.51M88.85M
Dividends Paid3.70M3.70M3.80M3.90M4.10M4.20M4.50M4.60M4.80M5.00M5.20M5.32M5.47M5.55M5.81M5.91M5.98M6.13M6.50M6.68M6.77M7.02M7.43M8.19M8.66M9.71M10.60M11.22M12.27M65.55M14.37M15.39M16.59M17.87M18.45M19.01M19.59M
FCF to OCF21.31%52.83%24.77%64.00%-5.10%5.49%-36.67%77.65%47.06%57.53%7.43%29.95%88.06%73.03%73.61%48.27%-4.80%61.28%63.18%5.06%23.29%100.00%47.12%49.83%58.29%54.23%79.70%87.13%82.08%73.44%82.45%84.37%78.54%-31.43%78.79%79.49%83.64%
Dividend Paid to FCF284.62%66.07%140.74%48.75%-820.00%840.00%-204.55%33.09%85.71%39.68%400.00%108.83%23.65%35.55%56.32%84.41%-4097.95%53.33%29.55%449.06%58.53%24.54%74.62%50.36%29.49%61.77%32.69%24.10%34.55%216.60%28.03%35.66%46.48%-415.53%23.84%34.24%22.05%

Earnings

Report DateFeb 12, 1993Feb 9, 1994Apr 18, 1994Jul 18, 1994Oct 13, 1994Feb 8, 1995Apr 13, 1995Jul 17, 1995Oct 13, 1995Feb 7, 1996Apr 15, 1996Jul 15, 1996Oct 15, 1996Feb 5, 1997Apr 14, 1997Jul 15, 1997Oct 14, 1997Feb 4, 1998Apr 15, 1998Jul 16, 1998Oct 14, 1998Feb 4, 1999Apr 15, 1999Jul 15, 1999Oct 13, 1999Feb 3, 2000Apr 13, 2000Jul 14, 2000Oct 12, 2000Feb 7, 2001Mar 31, 2001Jun 30, 2001Sep 30, 2001Dec 31, 2001Mar 31, 2002Jun 30, 2002Sep 30, 2002Dec 31, 2002Apr 17, 2003Jul 18, 2003Oct 17, 2003Feb 6, 2004Apr 20, 2004Jul 20, 2004Oct 22, 2004Feb 25, 2005Apr 27, 2005Jul 28, 2005Oct 28, 2005Feb 16, 2006Apr 26, 2006Jul 28, 2006Oct 27, 2006Feb 15, 2007Apr 26, 2007Jul 26, 2007Oct 26, 2007Feb 15, 2008Apr 24, 2008Jul 25, 2008Oct 23, 2008Feb 12, 2009Apr 23, 2009Jul 23, 2009Oct 22, 2009Feb 11, 2010Apr 22, 2010Jul 22, 2010Oct 28, 2010Feb 10, 2011Apr 28, 2011Jul 28, 2011Oct 27, 2011Feb 8, 2012Apr 26, 2012Jul 27, 2012Oct 26, 2012Feb 8, 2013Apr 25, 2013Jul 26, 2013Oct 25, 2013Feb 7, 2014Apr 24, 2014Jul 25, 2014Oct 24, 2014Feb 6, 2015Apr 23, 2015Jul 24, 2015Oct 23, 2015Feb 5, 2016Apr 28, 2016Jul 29, 2016Oct 28, 2016Feb 3, 2017Apr 27, 2017Jul 28, 2017Oct 27, 2017Feb 9, 2018Apr 26, 2018Jul 27, 2018Oct 26, 2018Feb 8, 2019Apr 25, 2019Jul 26, 2019Oct 25, 2019Feb 7, 2020Apr 23, 2020Jul 24, 2020Oct 23, 2020Feb 5, 2021Apr 22, 2021Jul 23, 2021Oct 29, 2021Feb 4, 2022Apr 27, 2022Jul 29, 2022Oct 28, 2022Feb 3, 2023Apr 27, 2023Jul 28, 2023Oct 27, 2023Feb 2, 2024Apr 25, 2024Jul 26, 2024Oct 25, 2024Jan 31, 2025Apr 24, 2025Jul 25, 2025Oct 24, 2025Jan 30, 2026Apr 23, 2026Jul 24, 2026Oct 23, 2026
EPS Estimate0.070.080.100.090.090.080.120.100.100.080.110.090.120.090.100.090.120.110.110.110.120.090.120.130.140.100.120.130.150.10--------0.070.050.070.050.070.120.160.110.100.090.180.120.080.160.180.230.200.230.240.200.230.290.270.240.180.180.170.140.160.190.210.230.250.300.330.300.300.350.300.250.280.260.310.260.290.410.380.320.400.380.300.180.200.220.250.230.230.230.260.310.340.380.360.390.380.370.350.340.340.190.280.300.280.290.340.330.340.320.360.180.200.270.330.250.350.440.550.450.440.560.560.480.490.690.67
EPS Actual0.070.070.110.100.090.060.100.080.100.090.080.070.110.120.100.100.110.080.120.110.130.080.110.130.150.110.160.140.120.110.140.150.140.130.080.120.070.060.050.100.100.100.090.100.080.100.060.130.100.120.170.210.250.090.190.250.210.220.280.300.280.190.170.190.200.140.170.220.240.360.270.340.300.270.390.290.260.210.260.380.320.290.380.340.360.300.280.250.220.210.240.250.270.240.190.350.330.310.380.460.450.430.280.400.370.320.250.280.310.260.280.270.430.340.340.270.250.110.270.410.340.340.300.540.490.420.460.600.520.550.680.74-
Surprise0.00%-12.50%10.00%11.11%0.00%-25.00%-16.67%-20.00%0.00%12.50%-27.27%-22.22%-8.33%33.33%0.00%11.11%-8.33%-27.27%9.09%0.00%8.33%-11.11%-8.33%0.00%7.14%10.00%33.33%7.69%-20.00%10.00%---------28.57%100.00%42.86%100.00%28.57%-16.67%-50.00%-9.09%-40.00%44.44%-44.44%0.00%112.50%31.25%38.89%-60.87%-5.00%8.70%-12.50%10.00%21.74%3.45%3.70%-20.83%-5.56%5.56%17.65%0.00%6.25%15.79%14.29%56.52%8.00%13.33%-9.09%-10.00%30.00%-17.14%-13.33%-16.00%-7.14%46.15%3.23%11.54%31.03%-17.07%-5.26%-6.25%-30.00%-34.21%-26.67%16.67%20.00%13.64%8.00%4.35%-17.39%52.17%26.92%0.00%11.76%21.05%25.00%10.26%-26.32%8.11%5.71%-5.88%-26.47%47.37%10.71%-13.33%0.00%-6.90%26.47%3.03%0.00%-15.63%-30.56%-38.89%35.00%51.85%3.03%36.00%-14.29%22.73%-10.91%-6.67%4.55%7.14%-7.14%13.40%38.78%7.25%-
Timing---Pre-marketPre-marketPre-marketPre-marketPre-marketPre-market-----------------Pre-marketPre-marketPre-marketPre-market--------After-hoursAfter-hoursAfter-hoursPre-market-Pre-marketAfter-hoursAfter-hours-After-hoursAfter-hoursPre-market-Pre-marketPre-market-Pre-marketAfter-hoursAfter-hoursPre-market-Pre-marketPre-marketAfter-hours-After-hoursPre-marketPre-market-After-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap1.96B
Enterprise Value2.20B
Trailing P/E31.31
Forward P/E23.98
PEG Ratio1.84
Price / Sales2.79
Price / Book4.46
EPS2.37
Book Value16.71
Revenue (TTM)702.05M
Gross Profit (TTM)223.43M
EBITDA133.20M
Profit Margin8.88%
Operating Margin16.15%
Return on Equity14.86%
Return on Assets7.62%
Shares Outstanding26.41M
Shares Float20.80M
Beta1.28
Dividend Yield1.02%
Dividend Rate0.76
Payout Ratio30.52%

Analyst Ratings

Strong Buy
Based on 1 analystsTarget 80.67
  • Strong Buy
    1

Ownership Breakdown

Institutions
68.66%
Insiders
21.08%
Retail / Other
10.26%

Top Institutional Holders

  • BlackRock Inc
    1.50M5.69%
  • Dimensional Fund Advisors, Inc.
    1.15M4.34%
  • Vanguard Portfolio Management, LLC
    1.07M4.05%
  • Mechanics Financial Corp
    1.01M3.81%
  • Vanguard Capital Management, LLC
    917.69K3.47%
  • Gabelli Funds LLC
    749.35K2.84%
  • MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
    703.35K2.66%
  • Gamco Investors, Inc. Et Al
    567.47K2.15%
  • Victory Capital Management Inc.
    533.29K2.02%
  • First Trust Advisors L.P.
    516.20K1.95%
  • State Street Corp
    499.02K1.89%
  • Geode Capital Management, LLC
    498.46K1.89%
  • King Luther Capital Management Corp
    395.10K1.50%

Top Fund Holders

  • Gabelli Small Cap Growth AAA
    701.00K2.65%
  • Vanguard MStar Total Stk Mkt Idx Invest
    673.95K2.55%
  • iShares Russell 2000 ETF
    547.42K2.07%
  • Global X US Infrastructure Dev ETF
    534.72K2.02%
  • Vanguard Small Cap Index
    485.77K1.84%
  • 1290 VT GAMCO Small Company Value IB
    470.00K1.78%
  • Victory Sycamore Small Company Opp R
    404.90K1.53%

Dividends

20264×
0.20Nov 13, 20260.19Aug 14, 20260.19May 15, 20260.19Feb 13, 2026
20254×
0.19Nov 14, 20250.18Aug 15, 20250.18May 15, 20250.18Feb 14, 2025
20244×
0.18Nov 15, 20240.18Aug 15, 20240.18May 14, 20240.18Feb 14, 2024
20234×
0.18Nov 14, 20230.17Aug 14, 20230.17May 12, 20230.17Feb 14, 2023
20224×
0.17Nov 14, 20220.17Aug 12, 20220.17May 12, 20220.17Feb 14, 2022
20214×
0.17Nov 12, 20210.15Aug 12, 20210.15May 13, 20210.15Feb 11, 2021

Stock Splits

  • Dec 11, 20135:4
  • Jun 13, 20115:4
  • Dec 11, 20075:4
  • Dec 11, 20065:4
  • Sep 13, 20045:4
  • Oct 28, 19943:2
  • Jul 13, 19923:2